SL Green Realty (NYSE:SLG) Releases FY 2026 Earnings Guidance

Key Points

• SL Green raised its FY 2026 EPS guidance to $6.50–$6.70, well above the $5.69 consensus estimate. Management cited incremental income, including a property sale, as a contributor to the stronger outlook.
• Third-quarter results were mixed: EPS of $1.01 exceeded estimates, while revenue of $165.55 million fell short of forecasts. Leasing activity improved, with 38 Manhattan office leases signed and same-store occupancy reaching 95% including leases not yet commenced.
• The company maintains a quarterly dividend of $0.6175 per share, equivalent to a 5.0% annualized yield, while analysts remain cautious with an overall “Hold” rating and a $55.15 consensus price target.

SL Green Realty (NYSE:SLG - Get Free Report) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 6.500-6.700 for the period, compared to the consensus estimate of 5.690.

SL Green Realty Stock Performance

Shares of NYSE:SLG traded down $0.23 during midday trading on Friday, reaching $48.95. The company's stock had a trading volume of 95,489 shares, compared to its average volume of 1,156,427. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $3.48 billion, a PE ratio of -17.96, a P/E/G ratio of 3.80 and a beta of 1.66. The stock has a fifty day moving average of $52.16 and a 200 day moving average of $49.29. SL Green Realty has a twelve month low of $34.77 and a twelve month high of $60.09.

SL Green Realty (NYSE:SLG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.25) by $1.26. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.19%. The firm had revenue of $165.55 million for the quarter, compared to the consensus estimate of $176.97 million. During the same period in the prior year, the firm posted $1.58 earnings per share. The firm's quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts expect that SL Green Realty will post 5.68 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.6175 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.0%. SL Green Realty's payout ratio is currently -90.48%.

Analyst Ratings Changes

SLG has been the topic of a number of research analyst reports. Evercore set a $60.00 price target on SL Green Realty in a research note on Monday, September 21st. JPMorgan Chase & Co. boosted their price target on shares of SL Green Realty from $51.00 to $61.00 and gave the company a "neutral" rating in a research report on Tuesday, August 25th. Wall Street Zen raised shares of SL Green Realty from a "strong sell" rating to a "sell" rating in a report on Saturday, September 5th. Truist Financial set a $57.00 price objective on shares of SL Green Realty and gave the stock a "hold" rating in a research report on Monday, August 24th. Finally, Morgan Stanley set a $52.00 target price on shares of SL Green Realty and gave the stock an "equal weight" rating in a research note on Wednesday, July 22nd. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $55.15.

Insider Activity at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $57.71, for a total value of $1,333,851.23. Following the transaction, the insider owned 109,468 shares of the company's stock, valued at $6,317,398.28. This represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.94% of the stock is currently owned by company insiders.

Key Headlines Impacting SL Green Realty

Here are the key news stories impacting SL Green Realty this week:

• Positive Sentiment: 2026 guidance raised well above consensus. SL Green increased its 2026 FFO-per-share outlook to $6.50–$6.70, compared with the consensus estimate of $5.69. Net income guidance was also raised to $0.40–$0.60 per share. The company indicated that incremental income, including a property sale, contributed to the stronger outlook. SL Green Realty increases earnings guidance
• Positive Sentiment: Leasing momentum improved. SL Green signed 38 Manhattan office leases covering 591,108 square feet in the third quarter, while same-store office occupancy reached 95% including signed leases that have not yet commenced. This supports management’s view that demand for high-quality Manhattan office space is strengthening. SL Green reports third-quarter results and raises guidance
• Positive Sentiment: Quarterly earnings benefited from asset sales. Third-quarter net income attributable to common shareholders rose to $72.2 million, or $1.01 per share, from $24.9 million, or $0.34 per share a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million and contracted to sell 110 Greene Street for $226 million, with proceeds improving liquidity and supporting debt management.
• Neutral Sentiment: Underlying FFO was largely steady. Third-quarter FFO was $1.59 per share, essentially matching the $1.58 reported a year earlier and consensus expectations. Revenue increased year over year, but reported results were mixed relative to analyst estimates, making the guidance increase the primary market focus. SL Green matches third-quarter FFO estimates
• Negative Sentiment: Analyst sentiment weakened. Zacks Research downgraded SL Green from “strong buy” to “hold,” following a recent “hold” rating from J.P. Morgan. The higher earnings outlook also depends partly on potentially nonrecurring property-sale gains, which could make future operating performance less robust than the headline guidance suggests.

SL Green Realty Company Profile

SL Green Realty Corp. NYSE: SLG is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City's prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.